Canada real estate outlook - Mid-year 2021

Strong macroeconomic fundamentals and high vaccination rates in the Canadian population point to a bright outlook

September 02, 2021

Performance across asset classes remains mixed due to the sluggish re-opening phase. Going forward, the outlook continues to be bright across the board thanks to strong macroeconomic fundamentals and high vaccination rates in the Canadian population.

The trends we noticed:

  • Office market: Office market shows flight to quality with several exceptional sublease opportunities available
  • Industrial market: Vacancy at historic lows and rents at all-time highs while construction gears up for continued robust demand
  • Retail market: Increased confidence fuels recovery in hard-hit sectors

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